by Big Wave Trader | May 14, 2014
A surprise uptick in producer prices threw caution in the wind as food prices jumped nearly three percent in the month of April. From the start stocks started lower, but maintained a tight range for much of the day until 2:30 EDT today. Sellers began to hammer the...
by Big Wave Trader | May 13, 2014
A disappointing retail sales figure seemingly helped both the Dow and S&P 500 hit new all-time highs. However, the party wouldn’t last very long as sellers were able to push back the market for much of the trading session. Closing lower again were the NASDAQ and...
by Big Wave Trader | May 12, 2014
Bullish expectations jumped on Monday as many market participants were happy to hear the rumor regarding ECB opening up to mimicking the US FOMC and running a QE program. Buyers jumped out from the gate, but they weren’t out in full force. Monday’s typically are light...
by Big Wave Trader | May 11, 2014
The Big Wave Trading Portfolio is in a very odd mix of signals currently with the Nasdaq and Russell 2000 still under a very strong SELL signal, the SP-500 and NYSE basically under a NEUTRAL/soft SELL signal condition, and the DJIA under a soft BUY signal. Due to...
by Big Wave Trader | May 8, 2014
Today was a roller coaster ride for stocks as the NASDAQ and Russell 2000 head in the opposite direction of the Dow Jones Industrial Average. At the onset stocks opened lower, but quickly found a bid and continued to stay in positive territory until the 30 year...
by Big Wave Trader | May 7, 2014
This market is certainly a tale of two tapes. On one hand you have the Dow Jones Industrial Average nearing all-time highs and on the other you have the Russell 2000 unable to hang above its 200 day moving average. Volume was up on the session, bigger on the NASDAQ...
